Chrysler Nears Deal With Nissan

Chrysler LLC and Nissan Motor Co. are close to reaching an agreement on producing a compact car the U.S. auto maker will sell in South America, said people familiar with the matter.

The talks are part of wider discussions on possible areas of cooperation, although those discussions are at earlier stages, these people said. They include the idea of having Chrysler build pickup trucks for Nissan, these people said. A Chrysler...